Centier Bank Reviews

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Updated Oct. 18, 2026

By: Matt Zane

+1 more

Edited by: Jon Bortin

About Centier Bank

Centier Bank (NMLS #408076) offers a range of mortgage products, including conventional, jumbo and government-backed loans. It’s only available in Indiana, and it has roughly 59 physical locations across the state. It was founded in 1895 and is headquartered in Merrillville, Indiana.

Visit www.centier.com

Pros

Wide range of mortgage products
Publishes rates online
Offers prequalification

Cons

Only available in Indiana

Centier Bank rates

Centier Bank publishes current mortgage rates on its website. All annual percentage rates (APRs) are accurate as of April 15, 2026.

Loan type	APR
Conforming 15-year fixed	6.516% to 6.674%
Conforming 20-year fixed	6.520% to 6.664%
Conforming 30-year fixed	6.485% to 6.655%
Jumbo 5/6 ARM	5.592% to 6.668%
Jumbo 15-year fixed	5.838% to 6.069%
Jumbo 30-year fixed	6.453% to 6.668%
VA 30-year fixed	6.079% to 6.327%
FHA 30-year fixed	6.446% to 6.617%

Generally, mortgage rates vary based on factors like your credit history, the type of loan, the loan amount, your down payment and the loan term. For the most accurate rates based on your individual situation, it’s best to contact Centier Bank directly.

Centier Bank loan types

Centier Bank offers a variety of mortgage products, including:

Conventional loans
Jumbo loans
Federal Housing Administration (FHA) loans
U.S. Department of Veterans Affairs (VA) loans

All of these loans are available with fixed rates or as adjustable-rate mortgages (ARMs), and terms typically range from 15 to 30 years. It also offers term, rate and cash-out refinancing.

Centier Bank also offers other types of home loans, such as:

Construction loans
Lot loans
Second home or vacation home loans
Indiana community development loans
Low-income loans
Physician loans
Home equity loans
Home equity lines of credit (HELOCs)

Centier Bank loan maximum

Generally, the maximum loan you can get depends on the type of loan you apply for and your financial qualifications.

Centier Bank requirements

Centier Bank doesn’t disclose its general requirements for borrowers. Still, the following can give you an idea of general lender requirements.

Centier Bank minimum credit score

Centier Bank doesn’t disclose its minimum credit score requirements for its loans. Generally, lenders typically require a minimum credit score of 620 for conventional loans or VA loans and a minimum score of 580 for FHA loans. Jumbo loans typically require a minimum score between 680 and 700.

Centier Bank minimum down payment

Centier Bank doesn’t disclose its minimum down payment requirements for its loans. For conventional loans, you’ll typically need to put down at least 3%. VA loans don’t have a down payment requirement, and FHA loans usually require at least 3.5%.

Centier Bank maximum debt-to-income ratio

Centier Bank doesn’t disclose a specific debt-to-income (DTI) ratio for applicants. As a guideline, it recommends not exceeding a DTI ratio of 36%.

Centier Bank application process

Centier Bank’s application can be completed online, by phone or in person. Be prepared to provide information about the home you’re interested in, along with your income and assets, so that Centier Bank can determine how much you can borrow.

Centier Bank application process features

The table below shows some of Centier Bank’s application process features:

Features	Availability
Online application
Mobile document upload
Publishes rates online
Offers rate lock
Offers prequalification (no hard credit check)
Certified approval letter
State availabiity	1
Number of branches	59

Centier Bank costs and fees

Centier Bank doesn’t disclose its costs and fees online. Still, you can expect to pay closing costs, which typically range from 2% and 5% of your loan amount.

How does Centier Bank compare?

Centier Bank offers similar purchase and refinance options as other lenders. Here’s how it compares to other mortgage lenders:

Company		Purchase options	Refinancing options	Minimum credit score
Centier Bank	Learn More	Conventional, FHA, VA, jumbo	Cash-out, rate, term	Not disclosed, typically 580 to 620
21st Mortgage Corporation	Learn More	Manufactured and mobile homes	Cash-out, rate-and-term	No minimum
AmeriSave Mortgage	View Rates	Conventional, FHA, VA, USDA, jumbo	Cash-out, rate, term	500 to 620

FAQ

Is Centier Bank legit?

Yes, Centier Bank is a legitimate mortgage lender that’s licensed with the Nationwide Multistate Licensing System (NMLS). It was founded in 1895 in Indiana.

Where is Centier Bank available?

Centier Bank only operates in Indiana, and it has around 59 physical branch locations across the state.

Is Centier Bank a good bank?

Centier Bank may be a good bank option for you if you live in Indiana and are looking for a local banking option with both online and in-person access.

Who owns Centier Bank?

Centier Bank is owned by the Schrage family, which claims to be the largest family-owned private bank in Indiana.

Still have questions?

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